1、Electric Vehicle Sales Review Q4 2024Foresight to drive the industryJanuary 2025Strategy&This publication has been developed in collaboration between Strategy&,PwCs global strategy consulting business,alongside PwC Autofacts automotive industry and function experts.Together,we transform organization

2、s by developing actionable strategies that deliver results.At PwC,our purpose is to build trust in society and solve important problems.Were a network of firms in 151 countries with almost 364,000 people who are committed to delivering quality in assurance,advisory and tax services.Find out more and

3、 tell us what matters to you by visiting us at .PwC refers to the PwC network and/or one or more of its member firms,each of which is a separate legal entity.Please see for further Strategy&Electric Vehicle Sales ReviewSource:PwC Autofacts analysis3Executive summaryTotal EV sales in all analyzed mar

4、kets increased by almost a quarter over the course of 202424%Total EV sales growth in all analyzed markets in FY 2024 vs.FY 2023Global BEV sales continued to enjoy significant growth in many markets in 2024,up by 14%in comparison with the previous year.The increase was largely powered by the continu

5、ing strength and dominance of the Chinese market,which grew by 20%over the course of the year.China accounted for almost two thirds(65%)of more than ten million BEVs sold across the world.The fourth quarter saw particularly substantial growth in China,both for BEVs and PHEVs.BEV sales in the country

6、 smashed the two million barrier for the first time in any one quarter and almost hit the 2.5 million mark.PHEV sales grew by a remarkable 78%in Q4 2024 vs.Q4 2023.Chinese consumers appeared keen to take advantage of the vehicle trade-in subsidy scheme before its scheduled expiration at the end of t